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MidOcean Energy → PETRONAS' North Montney Upstream Joint Venture and North Montney LNG Limited Partnership · Natural Gas & NGL MidOcean Energy → JERA Gorgon Pty Ltd. · Natural Gas & NGL Hull Street Energy → Lee County and Tait Electric generating stations · Power and Utilities Standard Solar → EDF Renewables' Bluebonnet Project · Renewable Energy Standard Solar → EDF's Lehigh Valley solar project · Renewable Energy Desjardins → EDF Renewables' stake in Cypress 1 & 2 Wind Projects · Renewable Energy Axium Infrastructure → Capital Power's wind projects portfolio · Renewable Energy Rockland Capital LP → Chamon and Port Comfort Power Plants · Power and Utilities NEO Energy → ExxonMobil's upstream assets in UK North Sea $1B+ · Oil and Gas Harvest Midstream → MPLX's Rockies gathering and processing assets $1.0B · Oil and Gas MPLX LP → BANGL $715M · Natural Gas & NGL Ardian → Hydropower company in Peru · Renewable Energy MidOcean Energy → PETRONAS' North Montney Upstream Joint Venture and North Montney LNG Limited Partnership · Natural Gas & NGL MidOcean Energy → JERA Gorgon Pty Ltd. · Natural Gas & NGL Hull Street Energy → Lee County and Tait Electric generating stations · Power and Utilities Standard Solar → EDF Renewables' Bluebonnet Project · Renewable Energy Standard Solar → EDF's Lehigh Valley solar project · Renewable Energy Desjardins → EDF Renewables' stake in Cypress 1 & 2 Wind Projects · Renewable Energy Axium Infrastructure → Capital Power's wind projects portfolio · Renewable Energy Rockland Capital LP → Chamon and Port Comfort Power Plants · Power and Utilities NEO Energy → ExxonMobil's upstream assets in UK North Sea $1B+ · Oil and Gas Harvest Midstream → MPLX's Rockies gathering and processing assets $1.0B · Oil and Gas MPLX LP → BANGL $715M · Natural Gas & NGL Ardian → Hydropower company in Peru · Renewable Energy

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Oil and Gas Exploration & Production Acquisition Completed

Peoria Resources Acquires Verdad Resources' DJ Basin Business

Acquirer

Peoria Resources (JAPEX)

→

Target

Verdad Resources DJ Basin business

2025

Year

🇯🇵🇺🇸 Japan, United States

Country

Acquisition

Deal Type

$X.XB

Deal Value 🔒

Sector

Upstream

Subsector

Exploration & Production

Industry

Oil and Gas

Date Added

Mar 22, 2026

Status

Completed

🔒

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Deal Description

Verdad Resources completed the sale of its operated oil and gas portfolio to Peoria Resources, a subsidiary of JAPEX (U.S.) Corp. in a transaction valued at about $1.26 billion.

The deal includes Verdad's exploration and production assets in the Denver-Julesburg Basin, comprising roughly 101,000 net acres across Colorado and Wyoming focused on the Niobrara and Codell formations.

JP Morgan Securities LLC served as exclusive financial advisor and Kirkland & Ellis LLP served as exclusive legal advisor to Verdad in connection with the transaction.

Wells Fargo Securities served as exclusive financial advisor to Peoria, and Willkie Farr & Gallagher LLP served as exclusive legal advisor to Peoria in connection to the transaction.

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